Get Ready To Trade: British American Tobacco

Monday, 07 October 2024

Time Published: Pre-Market

Ticker: BTI

• My model called for a pullback from overbought conditions, citing an unattractive reward-to-risk on the buy/long side.

• Since then, the share has retreated from R690 to below R610

• Next Best Probability Entry Range is shown below.

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Previous Post: Thursday, 05 September 2024

Real-Time: 14h00

Ticker: BTI

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Previous Post(s)

Real-Time: 10h53

Ticker: BTI

BTI has been a profitable medium term trading opportunity for clients of Unum Capital. At current levels, the high bullish momentum conditions benefit existing shareholders however, it may also be an opportunity to reduce into strength.

As re-iterated on Monday, 29 April:

As discussed in December:

Lester Davids

Analyst: Unum Capital